Iceland Bank to Pay $3.8 Billion After Krona Controls Lifted
The Central Bank of Iceland has today granted Glitnir the final exemption to permit Glitnir to proceed with the implementation of the Composition. This follows the Composition which was approved…
GALLUP: U.S. Quality Job Outlook in 2015 Best Since 2007
WASHINGTON, D.C. — In 2015, an average of 42% of Americans said it was a good time to find a quality job. This is the most positive assessment of the…
OXFAM: World’s richest 10% produce half of carbon emissions while poorest 3.5 billion account for just a tenth
The poorest half of the world’s population – 3.5 billion people – is responsible for just 10 percent of carbon emissions, despite being the most threatened by the catastrophic storms,…
OPEC daily basket price stood at $37.89 a barrel Thursday, 3 December 2015
Vienna, Austria, 4 December 2015–The price of OPEC basket of twelve crudes stood at 37.89 dollars a barrel on Thursday, compared with $38.46 the previous day, according to OPEC Secretariat…
Statoil exits Alaska
Statoil is optimising its exploration portfolio and has decided to exit Alaska following recent exploration results in neighbouring leases. Statoil is committed to optimising its portfolio, strengthening financial performance, and…
Statistics Estonia: In September foreign trade continued to decrease
According to Statistics Estonia, in September 2015, exports of goods decreased by 10% and imports by 9% compared to September of the previous year. Summing up the first three quarters…
Indonesia officially asks OPEC to reactivate its membership
Indonesia has submitted an official request to the Organization of the Petroleum Exporting Countries to reactivate its full membership in the Organization. The request has been circulated to all OPEC…
Statistics Estonia: Stable growth in retail sales continued in September
According to Statistics Estonia, in September 2015 compared to September of the previous year, the retail sales of goods of retail trade enterprises increased 9% at constant prices. In the…
Statoil to explore offshore Mozambique
Statoil has together with partners submitted a winning bid on the A5-A block offshore Mozambique in the fifth competitive bidding round. The Eni led partnership will subsequently enter into negotiations…
UPS Triples The Size Of Louisville Package Facility
$300 million ground sorting facility expansion addresses package growth, to add 300 jobs UPS (NYSE:UPS) announced it will triple the size of its “Centennial” ground package sorting facility in Louisville…
Statoil to explore offshore South Africa
Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right. The remaining…
Venezuela’s Central Bank Files Lawsuit to Shut Down Black Market Currency Website DolarToday for Falsifying Exchange Rates
WILMINGTON, Del., Oct. 23, 2015 The Central Bank of Venezuela, represented by law firm Squire Patton Boggs, today filed suit in U.S. District Court to halt the operation of DolarToday…
Nord Stream 2 to increase reliability of gas supply to Europe
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation, paid a working visit to France. As part of the visit, a working meeting took place in…
European stocks and dollar edge up, ECB keeps rates steady
Governing Council Meeting Malta 2015 At today’s meeting, which was held in Malta, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and…
NORDIC INVESTMENT BANK: NIB finances silicon technology improvement programme in Norway
Photo: Elkem AS The Nordic Investment Bank (NIB) and Norwegian silicon supplier Elkem AS have signed a euro-denominated eight-year loan agreement totalling NOK 373.7 million (approximately EUR 41 million –…